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Oil price controls debated as ripoff or bonanza for consumers
The debate over ending oil and gas price controls centers on whether deregulation will cut costs or raise them. Carter’s plan would lift natural gas ceilings and extend regulation, while opponents warn of windfalls for industry. Estimates vary, but the stakes run into trillions for Americans over two decades, with analyses splitting on potential consumer savings versus higher bills.
MENTIONED IN THIS ARTICLE
Stan Benjamin Washington
Carter
Department of Energy
Associated Press
Senate
Organization of Petroleum Exporting Countries
U.S
Jim Flug
Energy Action Consumer Group
Flug
House of Representatives
Edward W. Erickson
North Carolina State University
James M. Collins
R-Texas
H. A. Merklein
The
University of Dallas